earnings
confidence high
sentiment positive
materiality 0.70
CNA Q2 net income up 49% to $1.04/sh; core income $1.13/sh, up 34% YoY
CNA FINANCIAL CORP
2023-FY EPS reported
$2.13
revenue$6,456,000,000
- Net income $283M ($1.04 per diluted share) vs $190M ($0.69) in Q2 2022; core income $308M ($1.13) vs $230M ($0.84).
- P&C core income $374M vs $317M prior year; combined ratio 93.8% (incl. 3.1 pts catastrophe loss) vs 91.0%.
- Gross written premiums ex-captives +12%; Commercial segment GWP +21%; renewal premium change +7%.
- Net investment income $575M pretax, +33% YoY, driven by limited partnerships (+$83M) and fixed income (+$60M).
- Quarterly dividend $0.42/sh declared, payable Aug 31 to holders of record Aug 14; book value ex AOCI $44.86 (+5% adj. for dividends).